FTT, the native currency of FTX and its ecosystem, is up 45% when writing on June 28. This positive price action follows a report by the Wall Street Journal that the exchange’s new management has started receiving proposals from parties interested in restarting the exchange. The unconfirmed report cited the chief executive officer, John J. Ray III, who took over FTX when it officially filed for bankruptcy in mid-November 2022. Will FTX Be Restarted? Sources report that the management team of the cryptocurrency exchange has been in discussions with investors interested in seeing the platform back up and running. Different ownership
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Author: coinmaker